What's next for SVB?
The fall of Silicon Valley Bank • 2m 49s
Stock markets across the world continued to suffer aftershocks this Tuesday following the dramatic collapse of two U.S. banks.
U.S. authorities seemed to have stemmed some of the panic by covering customer deposits and any banks running into liquidity problems.
But there are now urgent questions about how well banks have adjusted to the end of an era of ultra-low interest rates that have been rising quickly to try to solve the inflation crisis.
CGTN’s Owen Fairclough reports.
Up Next in The fall of Silicon Valley Bank
How safe is the U.S. banking system?
On March 10, the 16th largest bank in the U.S., Silicon Valley Bank, collapsed and was shut down by regulators. On March 12, Signature Bank followed suit.
The emergency measures caused a plunge in bank stocks around the world. What is happening to the U.S. banking system?
The collapse made it ...
Biggest U.S. bank failure since 2008
Thousands of technology companies are facing financial uncertainty after the failure of America’s 16th largest bank.
The U.S. federal government on Friday assumed control of Silicon Valley Bank (SVB) and its billions of dollars in customer deposits, temporarily shutting all branches and freezing...
Who is to blame for the crashes?
Who is to blame for the crashes of Silicon Valley and Signature Bank? CGTN's Karina Mitchell spoke to J.W. Mason, associate economics professor at John Jay College to find out more.